2021 NGN to ZAR Historical Review

YEARLY HIGH

0.0408 ZAR

YEARLY LOW

0.0325 ZAR

YEARLY AVERAGE

0.0367 ZAR

2021 NGN to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.0408. Conversely, the yearly low was recorded on June 6, dropping to 0.0325.

This high-to-low spread represents a total annual volatility of 0.0083 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0390 to the December average rate of 0.0386, the exchange rate registered a net change of -0.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0408 was down 22.25% compared to the 2020 peak of 0.0525, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 40,826 ZAR

2020 Average 43,282 ZAR

Yearly Trough Low 32,539 ZAR

Transaction Impact: A difference of 8,287.49 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0395

0.0333

JanuMarcMayJulySeptNove

NGN to ZAR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0369, compared to 0.0366 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0369

H2 Avg (Jul–Dec) 0.0366

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0047 ZAR (High: 0.0408 / Low: 0.0361). On the other end, December was the most stable month, with a tight range of 0.0015 ZAR (High: 0.0393 / Low: 0.0378).

March Spread (Volatile) ±0.0047

December Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0386) against the same month in 2020 (average: 0.0450), the exchange rate shifted by -0.0064 (-14.17%).

2021 Avg (March) 0.0386

2020 Avg (March) 0.0450

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0400	0.0370	0.0390
February	0.0397	0.0355	0.0379
March	0.0408	0.0361	0.0386
April	0.0385	0.0348	0.0370
May	0.0379	0.0333	0.0348
June	0.0350	0.0325	0.0339
July	0.0361	0.0345	0.0353
August	0.0372	0.0348	0.0359
September	0.0369	0.0344	0.0354
October	0.0372	0.0351	0.0362
November	0.0397	0.0362	0.0379
December	0.0393	0.0378	0.0386

૨૦૨૫ NGN થી ZAR ઐતિહાસિક સમીક્ષા